Posted by Cranky Tenant on December 29, 2001 at 12:47:51:
In Reply to: LL wants to move me to another apt. Entitled to $? posted by Carla, F on December 29, 2001 at 02:47:33:
One of the biggest questions is.. if you take the apartment, will you still be a Rent Stabilized tenant paying the same rent, with the same renewal and other rights you now have under rent stabilization. If the registered rent for the new apartment is higher, the LL might raise your rent to the maximum allowable once your current lease is up.
Whether or not you'll be financially compensated is between you and the LL. Obviously you'll have moving related expenses plus the inconvenience of getting settled in the new apartment. You should factor in all these costs, including change of address, getting your phone moved and possible the hassles of a new number, and everything else involved. Since it's the LL who wants you to switch, it's not unreasonable to expect him to pick up the cost.
: I live on the Upper West Side in a rent stabilized apartment with a rent way below market (under $500). I have a small studio and I've been here 10 years. My landlord asked me to move to an apartment in another one of his buildings (nearby). He wants to turn my apartment and the one next to mine into a bigger one, and renovate it.
: The apartment he is offering me is similar to the one I have now, and he'll match my rent, even though the new apartment has a much higher rent. I'm in the first 6 months of a two-year lease.
: I don't want to move, I love my place, but I'm afraid to say no and start something. I know that he got other tenants to move to other apartments. I don't know what deal they got.
: If I say no, what can he do to me? And if I accept the offer, am I also entitled to some financial compensation? If so, how much? Is this what you call a Buyout?
: Thanks for any advice you can give me. I need to give him an answer by the first week of January.
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